The SEC’s ‘crypto mom’ says it would be foolish for the US government to ban bitcoin since people can’t be stopped from trading in it

SourceBusiness Insider
SectorEconomy
CountryMiddle east

SEC commissioner Hester Peirce said at a virtual event on Wednesday that the possibility of a bitcoin ban has passed and governmental attempts to do so would be pointless. "I don't see how you could ban it," she said at an "Investing in Crypto" event hosted by MarketWatch. "A government could say it's not allowed here, but people would still be able to do it," she added, saying it would be hard to stop anyone from trading in digital assets. "So I think it would be a foolish thing for the government to try to do that." Peirce, who hopes 2021 will mark a turning point for crypto regulation, said she wasn't sure whether a bitcoin exchange-traded fund would be approved just yet since the SEC is in a period of transition. She won the nickname "crypto mom" in 2018 after disagreeing with the SEC's decision to reject a bitcoin ETF application by the Winklevoss twins. Regulatory veteran Gary Gensler's nomination for SEC...read more...